Brief: Western Bulk Says Increasing Volume And Expecting A Minor Negative Result For The First Half Of 2023

Western Bulk Chartering AS

09/05/2023 17:33

May 9 (Reuters) - Western Bulk Chartering AS  WEST.OL :
    * WESTERN BULK IS INCREASING VOLUME AND EXPECTING A MINOR
NEGATIVE
RESULT FOR THE FIRST HALF OF 2023. NO DIVIDEND DECLARED FOR
Q1-23.
    * WESTERN BULK CHARTERING - WHILE WESTERN BULK HAD AN
EXTRAORDINARILY GOOD START LAST YEAR, 2023 HAS BEEN SLOWER AND
MORE ACCORDING TO NORMAL SEASONALITY
    * WESTERN BULK CHARTERING  - CO HAS MADE INVESTMENTS IN
REPOSITIONING OF VESSELS AND HAD A SHORT POSITION IN A RISING
MARKET FOR A LIMITED TIME PERIOD
    * THERE IS A RISK THAT NET EARNINGS WILL BE NEGATIVE FOR
PERIOD
    * TRADING PERFORMANCE IS EXPECTED TO GENERATE POSITIVE NET
TC IN
THE FIRST HALF OF THE YEAR

Source text for Eikon:  ID:nObiSBDrda 
Further company coverage:  WEST.OL 

 ((Reuters.Briefs@thomsonreuters.com;))